About the Tongan Paʻanga
The Tongan Paʻanga was introduced in 1967, replacing the Tongan pound at a rate of 2 Paʻanga to 1 pound. It is pegged to a basket of currencies.
The name 'Paʻanga' is the Tongan word for a bean-like vine, which was previously used as currency in the form of small dried pods.
Interesting Facts
Named After a Bean
The Paʻanga is named after a bean-like vine, whose dried pods were historically used as currency in Tonga, connecting modern money to ancient traditions.
Royal Portraits
All Tongan banknotes feature the portrait of the reigning monarch of Tonga, King Tupou VI (formerly King George Tupou V), symbolizing the continuity of the monarchy.
A Basket of Currencies
The Paʻanga's exchange rate is managed against a weighted basket of currencies of its major trading partners, including the Australian, New Zealand, and U.S. Dollars.
Historical Timeline
The Paʻanga is introduced.
The National Reserve Bank of Tonga is established.
Denominations
Banknotes
Coins
Security Features
Quick Facts
- ISO Code
- TOP
- Symbol
- T$
- Numeric Code
- 776
- Subunit
- Seniti (1/100)
- Introduced
- 1967-04-03
Central Bank
- Name
- National Reserve Bank of Tonga
- Headquarters
- Nukuʻalofa, Tonga
- Founded
- 1989
- Current Governor
- Sione Ngongo Kioa (since 2013)
Economic Data
- Reserve Currency Share
- 0.0%
- Forex Volume Share
- 0.0%
- Inflation Rate
- 1.3%
- Interest Rate
- 5.00%
Exchange Rates
What Affects the TOP Exchange Rate?
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